HCM Acquisition (NASDAQ:HCMA) Trading 6.5% Higher

HCM Acquisition Corp (NASDAQ:HCMA)’s share price was up 6.5% on Thursday . The company traded as high as $10.40 and last traded at $10.22. Approximately 3,234 shares were traded during trading, a decline of 95% from the average daily volume of 68,548 shares. The stock had previously closed at $9.60.

HCM Acquisition Price Performance

The firm has a fifty day moving average of $10.63 and a 200-day moving average of $10.77.

Institutional Trading of HCM Acquisition

A hedge fund recently bought a new stake in HCM Acquisition stock. Cowen AND Company LLC bought a new position in HCM Acquisition Corp (NASDAQ:HCMA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 50,000 shares of the company’s stock, valued at approximately $559,000. Cowen AND Company LLC owned about 0.35% of HCM Acquisition at the end of the most recent quarter. 11.79% of the stock is currently owned by institutional investors and hedge funds.

About HCM Acquisition

HCM Acquisition Corp does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. HCM Acquisition Corp was incorporated in 2021 and is based in Stamford, Connecticut.